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Don’t let the IT rally fool you

Dear Reader, Ever gone for a routine health check-up expecting everything to be fine… Ai Generated …only for your doctor to pause over one number? You feel perfectly healthy. You’re sleeping well. Going to work every day. Nothing seems out of place. Then the doctor says, “Your cholesterol is a little high.” It’s not a … Read more

US judge won’t block Meta from laying off workers who filed AI discrimination lawsuit

A US judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were targeted for job cuts by the company’s AI-powered tools because they have disabilities or took medical leave. US District Judge William Orrick in Oakland, California, … Read more

Jamie Dimon says AI will cure cancer, make roads safer—but warns companies must protect their data

Artificial intelligence will transform healthcare, science and manufacturing in ways few technologies have before, JPMorgan Chase CEO Jamie Dimon said, even as companies grapple with questions around the return on their AI investments and the protection of proprietary data. Speaking in an interview with CNBC, Dimon said AI is already beginning to move beyond chatbots … Read more

SoftBank Group’s CEO says $5 trillion a year needed globally to meet AI demand

Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes. “To ask whether AI is a bubble is a foolish question,” Son told executives at an annual company event in Tokyo. “AI will … Read more

Over 200 experts call for urgent action to tackle AI’s economic impact

More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI. They issued the jointly signed statement on Monday, warning that AI could drive a larger economic transformation than … Read more

OpenAI launches ChatGPT Work, adding to competition for professional AI tools

OpenAI on Thursday unveiled ChatGPT Work, an agent in its popular chatbot designed to execute tasks across different applications and files, marking the startup’s latest push into workplace automation. ChatGPT Work, powered by GPT-5.6, can gather context from apps, files and workflows to create finished documents, spreadsheets, presentations, reports and websites, the company said. The … Read more

From space rocks to smartwatches, AI millionaires rewrite the luxury playbook

Sitting on roughly $3.5 million in SpaceX shares, Chip, a former data scientist at Elon Musk’s aerospace behemoth, has recently bought meteorites worth $10,000 and a $5,000 fire truck. The 50-year-old space enthusiast is not sure how he will use the truck – maybe as an attraction for his 3-year-old kid’s birthday party. But his … Read more

Amazon aims to raise $25 billion from bond sale: Report

Amazon.com is looking to raise at least $25 billion through a US dollar bond sale, Bloomberg News reported on Tuesday (July 7), in the company’s latest push to fund its hefty AI investments. Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including Amazon, … Read more

AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says

Morgan Stanley said the recent weakness in US semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI “hyperscalers” as well as consumer discretionary, transport and biotechnology shares. In a note dated Monday, the brokerage said hyperscalers — an industry term for tech companies that are spending … Read more

L’Oreal, Mondelez Use AI to Accelerate Product Innovation, Cut Costs

French cosmetics company L’Oreal has used AI to identify molecules in its skincare products that can be repurposed for use in shampoo and can now create products four times faster than before, a senior executive told Reuters. Consumer companies, including Nescafe owner Nestle, Sensodyne toothpaste maker Haleon and chocolate maker Mondelez, are using AI in … Read more

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